Digital wallet meeting postponed, pending NACC opinion

14 Sept 05:58 Key points summarised by AI

The Digital Wallet Committee postponed its meeting, awaiting the National Anti-Corruption Commission's (NACC) opinion on the proposed scheme.
This delay follows prior advice from the Council of State, which stipulated that any funding for the 500 billion baht scheme must comply with the Fiscal Discipline Act, requiring a crisis or urgent necessity and economically/socially worthwhile projects.
The government affirms its commitment to comply with recommendations from both the NACC and the Council of State, despite the scheme's planned May launch.
Deputy Finance Minister dismissed reports of scaling down the scheme and confirmed that issuing an executive decree remains a potential funding option if a loan bill is not feasible.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.